Business Times

Toyota Lanka to invest Rs. 2 billion for network expansion

The all new Camry 2012 has made its Sri Lankan debut at a special Motor show held at the Sri Lanka Business and Convention Centre in Colombo recently revealing its sophisticated, sporty design, spacious interior, improved driving dynamics and a quieter ride.

Introduced 20 years ago the Camry has evolved over six generations to become the benchmark in the midsize luxury segment, said Yoshiaki Kato, Managing Director of Toyota Lanka in an interview with Business Times on the sidelines of Camry 2012 Motor show.

From its debut to the world in 1982, Camry has established its position in the global market and has become the 2nd best-selling car in the Toyota line up next to Corolla, he said. Focused on bold design and dynamic driving, the all-new 2012 Camry ushers into a new "Era Sedan Concept", an era that stands for "emotional" and "rational", he added. Toyota's engineers have made it their obsession to improve the design, ride handling and driving dynamics of the car, Mr. Kato said.

He revealed that Toyota Lanka, a fully owned subsidiary of Toyota Japan plans to expand its network in the outstations beyond the Western Province with an initial investment of Rs. 2 billion. The company will set up its branches in Galle, Matara, Kandy,Kurunegala and Anuradhapura. The company’s immediate plan is to expand its reach in Ratmalana and Battaramulla and operate a service and spare part facility in Maharagama in addition to its main facility in Wattala.

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